After several months of growth - sales, new contracts, and median prices flatten; Low inventory continues, active listings down 2,500 from last year
After several months of strong year-over-year growth, sales and new contracts in the Baltimore Metro Region have slowed, and are essentially unchanged from a year ago. While this could indicate softening demand, it is still too early to distinguish a pattern. At a more granular level, single-family homes brought down the growth rate for the market as a whole because they make up more than half of the region’s sales and new contract in any given month. Sales and new contracts on single-family homes dropped from this time last year, while condos and townhomes experienced growth or remained steady.